2015 Wyoming Code
TITLE 15 - CITIES AND TOWNS
CHAPTER 5 - FIRE AND POLICE DEPARTMENTS
ARTICLE 4 - FIREMEN'S PENSION ACCOUNT REFORM ACT OF 1981
SECTION 15-5-421. - Contribution by employer.
15-5-421. Contribution by employer.
Each employer shall make monthly contributions to the account in an amount equal to the percentage contribution rate multiplied by the salaries paid to members of the account. The contribution rate, expressed as a percentage, shall be based on the results of actuarial valuations made at least every three (3) years. The city's contribution rate shall be comprised of the normal cost plus the level percentage of salary payment required to amortize the actuarial liability over a period of forty (40) years from January 1, 1983, calculated on the basis of an acceptable actuarial reserve funding method approved by the board.
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